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Passman

Passman

Telecom·France·Active·2yr hold
Entry
2024
Hold
2yr
Status
Active

Who owns Passman?

Passman is a French Telecom company, currently owned by Garibaldi Participations since 2024 and Siparex. It changed hands in 2023, when LBO France sold.

Hand-verified · updated 2026-09-30

Open JSON · CC-BY
Siparex
Most recent investor
Siparex
Siparex ETI 5 · 2021 · Buyout
6 ownership periods · full history below

Key facts

HQFrance
SectorTelecom

Ownership history

3 ownership periods · co-invest detected · 3 lenders on file

Active
Co-held by Garibaldi Participations and Siparex since 2024.
Andera Partners
Andera PartnersLender · repaid 2019
2014 · 2019(5yr) · Acto Mezzanine II · 2014 · Mezzanine
Secondary · to LBO France
1 holder · 1 lender · 2019 · 2023
Andera Partners
Andera PartnersLender · repaid 2023
2019 · 2023(4yr) · Acto Mezzanine III · 2017 · Mezzanine
Secondary · to Siparex ETI
LBO France
LBO FranceExited 2023
2019 · 2023(4yr) · LBO France Small Cap · 2020 · Buyout
Secondary · to Siparex ETI

LBO France sold Passman to Siparex ETI in 2023 after 4 years.

Co-invest · 2 holders · 1 lender · 2023 · present
Andera Partners
2023 · present(3yr) · Acto Mezzanine IV · 2020 · Mezzanine
Siparex
SiparexActive
2024 · present(2yr) · Siparex ETI 5 · 2021 · Buyout
Garibaldi Participations
2024 · present(2yr) · Garibaldi Participations SCR · 2004 · Buyout

Questions

Who owns Passman?

Passman is currently owned by Garibaldi Participations and Siparex, through Siparex ETI 5, since 2024.

When did Garibaldi Participations and 1 other acquire Passman?

Garibaldi Participations and 1 other acquired Passman in 2024.

Who did Passman sell to?

Andera Partners and LBO France sold Passman to Siparex ETI in 2023 (Secondary). Andera Partners sold Passman to LBO France in 2019 (Secondary).

Who has owned Passman over time?

Passman has been through 6 private-equity ownership periods: Andera Partners · via Acto Mezzanine II · 2014–2019 · sold to LBO France · (Secondary); Andera Partners · via Acto Mezzanine III · 2019–2023 · sold to Siparex ETI · (Secondary); LBO France · via LBO France Small Cap · 2019–2023 · sold to Siparex ETI · (Secondary); Andera Partners · via Acto Mezzanine IV · 2023–2023; Garibaldi Participations · via Garibaldi Participations SCR · 2024–2023; Siparex · via Siparex ETI 5 · 2024–2023.

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